Ethylene Glycol Monostearate Market Future Demand, Growth, Share and Analysis with forecast 2024

Ethylene glycol monostearate, more commonly known as glycol monostearate or glycol stearate, is an organic compound. It is the ester of ethylene glycol and stearic acid. It is often derived from vegetables. At times, the compound can also be of animal origin. The important properties of ethylene glycol monostearate are its insolubility in water, low acid and iodine values, and relatively high melting point. All of these essentially help the compound remain stable under normal conditions. They make it a perfect ingredient for personal care products, cosmetics, and toiletries.

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The primary purpose of using ethylene glycol monostearate is to impart a pearlized look to products. Depending on the amount used and other ingredients, it can also help turn a transparent product into a white-colored product. Overall, its properties help stabilize the surfactant systems, while also providing shape and thickness to the product. It is widely used as a pearlizing agent in various personal care products such as shampoos, liquid soaps, and bath and shower gels. It is also a preferred opacifier and secondary emulsifier used in different cosmetic products such as creams, lotions, and conditioners. Toiletries (including hand-cleaners and toothpaste) is another industry wherein ethylene glycol monostearate is used. The compound also acts as a viscosity-enhancing agent in these products. As such, the global ethylene glycol monostearate market can be segmented according to the type of its use into pearlizing agent, opacifier and as an emulsifier. It can also be segmented by its end-user industries, namely personal care, cosmetics and toiletries products.

A highly important characteristic of ethylene glycol monostearate from commercial point of view is that it is human-friendly. Given its low, acute toxicity, even repeated use does not cause problems such as skin and eye irritation, sensitization, or hyper-sensitivity. This is the reason why it is used in more than 600 products available in the market.

Ethylene glycol monostearate is a concern only for people with skin allergies and those who have extremely sensitive skin. In these people, the compound may develop itching, redness, or mild swelling. However, the percentage of such people is negligible.

Also, the compound has almost no substitute available in the market. The compound that ranks closest to it is glycol distearate, which is another ester of stearic acid. Certain properties of the two compounds overlap and at times, glycol distearate is used as an opacifying agent in skin and hair care products.

Due to lack of substitutes and its human-friendliness, ethylene glycol monostearate has always been a popular ingredient of personal care products, cosmetics, and toiletries. The growth of the global ethylene glycol monostearate market relates directly with the growth of these industries. With these industries expected to expand at around 5% rate in the next few years, the ethylene glycol monostearate market is also likely to expand at a significant rate.

Ethylene glycol monostearate witnesses high demand in developed regions such as North America and Europe, wherein the people have higher disposable income to spend on cosmetics. The compound is also witnessing high demand in other regions, especially Asia Pacific and Latin America. Accordingly, the global ethylene glycol monostearate market can be segmented by the regions North America, Europe, Latin America, Asia Pacific and Middle East and Africa.

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Asia Pacific accounts for a majority of suppliers of ethylene glycol monostearate. Some of the suppliers of ethylene glycol monostearate are Guangzhou Chuangyue Chemical Co., Ltd. (China), Huzhou Sifeng Biochem Co., Ltd. (China), Shijiazhuang City Horizon Chemical Industry Co. Ltd. (China), Greenwell Olechemicals Sdn Bhd (Malaysia), Alpha Chemicals Pvt. Ltd. (India), and Parchem (the U.S.).

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